Exhibit 12.01
SOUTHWESTERN PUBLIC SERVICE COMPANY
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)
| | Three Months Ended March 31, | | | Year Ended December 31 | |
| | 2012 | | | 2011 | | | 2010 | | | 2009 | | | 2008 | | | 2007 | |
Earnings, as defined: | | | | | | | | | | | | | | | | | | |
Pretax income from operations | | $ | 17,790 | | | $ | 145,034 | | | $ | 126,933 | | | $ | 108,245 | | | $ | 52,769 | | | $ | 55,596 | |
Add: Fixed charges | | | 25,417 | | | | 100,901 | | | | 100,518 | | | | 114,684 | | | | 74,525 | | | | 57,247 | |
Total earnings, as defined | | $ | 43,207 | | | $ | 245,935 | | | $ | 227,451 | | | $ | 222,929 | | | $ | 127,294 | | | $ | 112,843 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Fixed charges, as defined: | | | | | | | | | | | | | | | | | | | | | | | | |
Interest charges | | $ | 16,706 | | | $ | 65,095 | | | $ | 63,912 | | | $ | 71,688 | | | $ | 61,090 | | | $ | 55,261 | |
Interest component of leases | | | 8,711 | | | | 35,806 | | | | 36,606 | | | | 42,996 | | | | 13,435 | | | | 1,986 | |
Total fixed charges, as defined | | $ | 25,417 | | | $ | 100,901 | | | $ | 100,518 | | | $ | 114,684 | | | $ | 74,525 | | | $ | 57,247 | |
Ratio of earnings to fixed charges | | | 1.7 | | | | 2.4 | | | | 2.3 | | | | 1.9 | | | | 1.7 | | | | 2.0 | |